Hong Kong

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    Crypto / Digital Assets

    Hong Kong Lists Asia’s First Inverse Bitcoin ETF

    By Sanday Chongo Kabange | 23/07/2024

    The new ETF was issued by CSOP Asset Management, which was also first to launch Asia’s first crypto futures ETFs in December 2022.

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    Market Infrastructure

    HKEX to Allow Secondary Listings from UAE Stock Exchanges

    By Sanday Chongo Kabange | 22/07/2024

    Companies with primary listings at Abu Dhabi Securities Exchange and Dubai Financial Market can apply for a secondary listing in Hong Kong.

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    Crypto / Digital Assets

    HKMA Names First Participants of Stablecoin Sandbox

    By Sanday Chongo Kabange | 19/07/2024

    The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

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    Crypto / Digital Assets

    Hong Kong Publishes Results from Stablecoin Consultation

    By Sanday Chongo Kabange | 18/07/2024

    Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

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    Enforcement

    US Jails Man for Shipping Microelectronics to Russia via Hong Kong

    By Editors | 17/07/2024

    Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.

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    Fintech / Regtech

    HKMA Assessing Whether Virtual Banks Have Achieved Policy Goals

    By Editors | 17/07/2024

    The HKMA is evaluating whether the eight virtual banks have achieved the intended policy objectives since the licences were granted in 2019.

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    Market Infrastructure

    SFC to Implement New Paperless Securities Regime by End 2025

    By Sanday Chongo Kabange | 17/07/2024

    The SFC aims to implement the new regime towards the end of 2025, but give companies until end-2030 to transition.

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    Market Infrastructure

    LegCo Progresses Work to Waive REIT Trading Stamp Duty

    By Sanday Chongo Kabange | 17/07/2024

    Legislative proposals will be introduced this year to waive stamp duty for REIT transactions and options market-making.

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    Securities / Derivatives

    HKEX to Launch ID-based Self-Match Prevention Service on 22 July

    By Editors | 16/07/2024

    The new “ID-based SMP” service will be available in the derivatives market from 22 July. An optional connectivity test will be provided on 20 July.

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    Crypto / Digital Assets

    Hong Kong to Release Stablecoin Consultation Results “Soon”

    By Sanday Chongo Kabange | 16/07/2024

    The FSTB said it will “soon” release the results of a 2023 consultation on the proposed regulatory regime for fiat-referenced stablecoins.

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